Lyft Announces Partnership and $100M Investment

September 18, 2015

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Taxi-hailing platform Didi Kuaidi has announced that it made a strategic investment of $100 million in Lyft as a part of a financing round led by Rakuten earlier this year. Additionally, the two companies have entered into a strategic partnership that aims to leverage each company’s technological strengths, product development expertise and local market knowledge in an effort to bring seamless ridesharing to the U.S. and China. Didi Kuaidi is backed by firms including Tencent, Tiger Global Management and Coatue Management.